As emerging economies experience a boom in capital inflows, governments are increasingly concerned about their downsides. Even the IMF (International Monetary Fund), long a stalwart proponent of financial liberalization, has engaged in a new debate on capital flow management. Drawing lessons...

The euro crisis has highlighted the dilemmas of an ambitious regional monetary integration project with limited economic policy cooperation. What lessons can regional monetary cooperation schemes in other world regions draw from this experience? Three aspects of the euro crisis are identified as...

The current global financial “non-system” is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. This paper focuses on regional payment systems as an initial step of regional...

type="main" <p>The potential of migrant remittances to foster access to financial services for low-income households has been largely unexplored. Comparing three Latin American countries – the Dominican Republic, El Salvador and Mexico – this inter-disciplinary study links research on...</p>

The current global financial non-system is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional monetary...

This book argues for a new conceptual framework that analytically distinguishes between North-South monetary co-ordination, which involves an international key currency, and South-South arrangements between economies all marked by external indebtedness and the resulting macroeconomic...